Author: Central Desk

Hyundai Motor Group has entered into a strategic partnership with Toray Industries, a global frontrunner in carbon fiber and composite materials, to drive forward the next wave of mobility innovations. This alliance is set to transform automotive and aviation industries, where demand for materials that are both lightweight and strong is critical. Toray Industries, headquartered in Japan, stands out for its leadership in carbon fiber technology, crucial to sectors that prioritize durability alongside minimal weight. The company’s expertise spans various domains, including performance chemicals and environmental engineering, confirming its role as an industry titan. The partnership was cemented at a…

Volkswagen Group China’s recent announcement to invest 2.5 billion euros into its Hefei-based innovation hub marks a significant advancement in China and Germany’s economic relations. This initiative underscores a dual commitment to escalate the pace of innovation and production within the electric vehicle (EV) sector, a collaboration featuring a partnership with Chinese automaker XPENG. This strategic expansion is not an isolated incident but part of a larger pattern of intensified cooperation between China and Germany, particularly in forward-looking sectors such as autonomous driving, chip technology, and new energy vehicle (NEV) batteries. For over four decades, Volkswagen has cemented its presence…

The unveiling of an EV tax credit within the recent federal budget has ignited industry conjecture regarding a significant impending investment by Honda Motor in Canada’s burgeoning EV landscape. This legislative proposal offers a 10-percent rebate for the construction costs of new facilities destined for the EV supply chain. This incentive complements existing supports such as a 30-percent manufacturing investment tax credit and various provincial aids, but uniquely targets comprehensive investments across battery production, cathode active material manufacturing, and vehicle assembly. Presently, Honda stands as the sole automaker entrenched in discussions with both federal and provincial authorities concerning an EV…

Ford Trucks has formed a strategic alliance with Argus Cyber Security, an eminent authority in automotive cyber defenses, to conduct pivotal vehicle-level penetration testing on its newly unveiled heavy-duty truck, the Ford Trucks F-MAX. This collaboration aims to align with rigorous UNR 155 cyber security regulations, securing the necessary type approval certification vital for the truck’s commercial launch. The UNR 155 regulation mandates a robust cyber security framework for vehicle manufacturers. This standard necessitates thorough penetration tests to affirm the security of the vehicle’s electronic and software architectures against diverse potential threats, essential for obtaining type approval for new vehicles…

Value remains paramount in consumer vehicle preferences, a trend underscored by Nissan’s standout performance on the prestigious Cars . com 2024 Best Value New Cars list. This recognition affirms Nissan’s commitment to blending quality with affordability across several vehicle categories. The 2024 Nissan Kicks S claims the title for Best Value in the Subcompact SUV category, distinguishing itself through an expansive interior and a wealth of cost-effective, yet appealing customization options. Beyond comfort, the Kicks boasts commendable fuel efficiency and essential technological integrations like Apple CarPlay and Android Auto, ensuring connectivity and safety are standard. Complementing the Kicks, the 2024…

German Chancellor Olaf Scholz recently emphasized the necessity of fair competition between EU-China, addressing concerns regarding the overproduction and copyright infringement by Chinese industries. Throughout a consequential three-day journey to China, joined by premier business executives and significant cabinet members, Chancellor Scholz engaged with an audience at Tongji University, Shanghai. He articulated the expectation of Chinese automobiles entering European markets, stressing reciprocity to ensure European automobiles have equivalent access in China. Scholz’s dialogue occurs amidst growing apprehensions about Chinese products, such as solar panels and wind turbines, saturating markets and undercutting local industries with practices like dumping — the act…

Tesla, has announced a plan to dismiss over 10% of its workforce worldwide, affecting roughly 14,000 employees. This decision was disclosed through a leaked internal memo authored by CEO Elon Musk, who described the layoffs as essential for steering the company toward future growth through significant cost reductions and enhanced productivity. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity…As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce…

GAC Motor Philippines is expanding its footprint, inaugurating its latest dealership in San Fernando, Pampanga. This strategic move, a collaboration with Autokid Motors, marks a robust commencement for the second quarter of 2024 under the auspices of Astara Philippines, the brand’s distributor. Strategically situated along the bustling Olongapo-Gapan Road in Brgy. Magliman, the new GAC Motor San Fernando dealership adheres to stringent international showroom standards. The facility promises a superior automotive buying experience and is equipped to provide exemplary vehicle maintenance and services, embodying a fully operational 3S (sales, service, and spare parts) model. Franz Decloedt, GAC Motor Brand Head…

Turkey’s automotive industry has commenced the year with notable success on the international stage, especially within the European Union. Data from the Uludag Auto Exporters Union reveals a 6.1 percent escalation in car exports during the first quarter of 2024, achieving a substantial sum of $9.13 billion. This sector represents 14.3 percent of Turkey’s total exports, underscoring its critical economic influence. EU as a Central Market for Turkish Automobiles The European Union has emerged as the principal market for Turkish cars, claiming 67.9 percent of these exports. This overwhelming demand from EU countries not only exemplifies the high standards and…

The 2024 Kia EV9, Kia’s innovative three-row electric SUV, captured two prestigious titles at this year’s World Car Awards during a ceremony at the New York Auto Show. Esteemed as both the World Car of the Year and World Electric Vehicle, these accolades underscore its groundbreaking design and technological sophistication. Since its inception in 2003, the World Car Awards have served as a benchmark for global automotive excellence. This year, a panel comprising 100 automotive journalists from 29 nations assessed numerous entries. The Kia EV9 distinguished itself through its spacious interior, competitive pricing, and advanced features. Engineered on Kia’s E-GMP…